Africa Coal Partners to buy Ichor's stake in Mbuyelo Coal for €95m

Africa Coal Partners, a special purpose vehicle set up and managed by global investment holding company Duet Group, will acquire South Africa-focused coal miner Ichor Coal's 45.18% stake in Mbuyelo Coal for €95 million. Mbuyelo Coal operates three openpit mines that produce between 7.2-million and 8-million tons a year of thermal coal for supply to State-owned power utility Eskom.